Posted by: arnegrim | May 12, 2011

Economy continues to struggle

“The number of people applying for unemployment benefits plummeted last week, reversing nearly all the sharp rise reported the previous week…

The four-week average of claims, a less volatile measure, rose to 436,750, its fifth straight increase. The average has jumped 46,500, or nearly 12 percent, since early April.

That rise has raised concerns among many economists that hiring could slow this month, weighing on the economy.”

http://news.yahoo.com/s/ap/20110512/ap_on_bi_ge/us_unemployment_benefits

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